LJI Wealth Management LLC Has $272,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LJI Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,564 shares of the semiconductor company’s stock after buying an additional 90 shares during the quarter. LJI Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $210,000. Blair William & Co. IL increased its stake in Taiwan Semiconductor Manufacturing by 5.4% in the first quarter. Blair William & Co. IL now owns 64,105 shares of the semiconductor company’s stock valued at $8,721,000 after acquiring an additional 3,262 shares during the last quarter. M&G Plc acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $18,928,000. First Foundation Advisors acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $151,000. Finally, TIAA Trust National Association boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.7% in the 1st quarter. TIAA Trust National Association now owns 12,948 shares of the semiconductor company’s stock valued at $1,762,000 after purchasing an additional 1,556 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.3 %

Shares of NYSE:TSM traded down $2.49 during midday trading on Friday, hitting $186.01. 9,834,757 shares of the stock were exchanged, compared to its average volume of 15,430,921. The business’s 50-day moving average price is $185.79 and its 200 day moving average price is $171.92. The stock has a market capitalization of $964.72 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.